By Ahmed Awad
Kuwait – Mubasher: Commercial Bank of Kuwait (Al-Tijari) shareholders approved on Saturday the distribution of cash dividends and bonus shares for the fiscal year 2015.
The bank will pay cash dividends at 13% of capital, or 13 fils per share. It will also distribute bonus shares at 6% of capital, or 6 shares per each 100 held shares.
Thus, the lender's dividend distributions will total KWD 18.3 million, or 39.6% of FY15 net profit.
The Kuwaiti bank earlier posted KWD 46.2 million net profit for 2015, down 6% year-on-year from KWD 49.1 million.
Translated by Sayed Abdel Rahman
